SALT LAKE CITY, April 7, 2020 /PRNewswire/ — Mercato Partners Traverse Fund (“Traverse”), today announced that Social Finance (“SoFi”) has acquired one of its Growth Fund II portfolio companies, Galileo Financial Technologies (“Galileo”), a thriving API standard for card issuing programs and financial technology (“fintech”) innovation. SoFi, the digital personal finance company, confirmed the signing of its definitive agreement to acquire Galileo Financial Technologies for $1.2 billion early this morning.

“To excel in the growth stage, a CEO and leadership team must be able to envision and execute at a level of innovation and ambition others might not even imagine,” said Mercato Partners Managing Director and Galileo Board member, Greg Warnock. “They must be hungry for large scale problem-solving and provide the energy and direction to fuel

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